Historic Hotels Achieve a Premium in ADR and REVPAR Over Contemporaries
CBRE Issues U.S. Lodging And 2018-2019 Historic Hotels Forecast At Historic Hotels Of America Annual Conference
Sydney's hotel market reported occupancy fell 0.9% to 81.2% in January, according to preliminary monthly data from STR. ADR, however, increased 1.5% to 222.18 Australian dollars ($173.89), which raised RevPAR 0.6% to AU$180.43 ($141.22).
During Super Bowl LII Weekend (2-4 February 2018), the Minneapolis market posted an average occupancy level of 92.5% and an average daily rate (ADR) of US$354.41.
Hong Kong's hotels reported occupancy rose 6.1% to 91.2% in January, according to preliminary monthly data from STR. ADR was flat at 1,428.41 Hong Kong dollars ($182.62) and RevPAR rose 6.1% to HK$1,302.29 ($166.50).